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Pennsylvania Statutes Title 40 P.S. Insurance § 310.32. Application and licensure

Current as of January 01, 2022 | Updated by FindLaw Staff

(a) Application.--A person may apply to the department for a manager or exclusive general agent license. The person shall submit to the department a completed application, the fee required by subsection (c) and any other information required by the department.

(b) Licensure.--The department shall review the application and may conduct an investigation of the person. The department shall issue a license to the person when the department is satisfied that all of the following criteria have been met:

(1) The person possesses a good business reputation.

(2) The person possesses the fitness, competence and reliability sufficient to satisfy the department that the individual is worthy of licensure as a manager or exclusive general agent.

(3) The person has paid all applicable fees established pursuant to this article.

(4) Such other criteria as the department may establish.

(c) License fee.--A nonrefundable $100 fee shall accompany an application for a manager or exclusive general agent license unless modified by the department by regulation.

(d) Term.--A license issued in accordance with this section shall be for a period of not more than one year.

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Cite this article: FindLaw.com - Pennsylvania Statutes Title 40 P.S. Insurance § 310.32. Application and licensure - last updated January 01, 2022 | https://codes.findlaw.com/pa/title-40-ps-insurance/pa-st-sect-40-310-32/

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